AZZ Inc. (NYSE:AZZ) Stock to Pay Quarterly Dividend of $0.24

AZZ Inc. (NYSE:AZZ) declared a quarterly dividend on Thursday, October 8th. Investors of record on Monday, October 19th will be given a dividend of $0.24 per share by the industrial products company on Thursday, November 5th. This represents a $0.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, October 19th.

AZZ has raised its dividend by an average of 0.0%annually over the last three years. AZZ has a payout ratio of 14.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect AZZ to earn $7.63 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 12.6%.

AZZ Stock Performance

AZZ opened at $136.65 on Friday. The firm has a fifty day moving average price of $140.87 and a 200 day moving average price of $141.72. AZZ has a 1 year low of $92.98 and a 1 year high of $162.20. The stock has a market cap of $4.11 billion, a P/E ratio of 20.83 and a beta of 1.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.92 and a quick ratio of 1.39.

AZZ (NYSE:AZZ) last released its quarterly earnings results on Wednesday, July 8th. The industrial products company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.80 by $0.05. AZZ had a net margin of 11.83% and a return on equity of 14.18%. The company had revenue of $448.53 million for the quarter, compared to analyst estimates of $434.58 million. During the same quarter last year, the business earned $1.78 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. Equities research analysts anticipate that AZZ will post 7.06 earnings per share for the current year.

About AZZ

AZZ Inc is a provider of metal coating solutions serving customers primarily in North America. The company operates through its Metal Coatings and Precoat Metals segments, helping protect and enhance the performance, appearance, and durability of steel and other metal products used across a range of industries.

Through its Metal Coatings segment, AZZ provides hot-dip galvanizing, powder coating, anodizing, plating, and related coating services. These treatments are used for corrosion protection and finishing applications involving infrastructure, construction, industrial, transportation, and other metal products.

Precoat Metals provides coil coating services for steel and aluminum products before they are fabricated.